SharkNinja, Inc. (NYSE:SN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

SharkNinja, Inc. (NYSE:SN) has received a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $122.50.

A number of analysts have issued reports on SN shares. Jefferies Financial Group raised their target price on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Canaccord Genuity Group lifted their target price on shares of SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. boosted their target price on shares of SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Morgan Stanley lifted their price target on shares of SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SN. Quarry LP acquired a new position in SharkNinja during the 4th quarter worth about $47,000. Continuum Advisory LLC increased its stake in SharkNinja by 6,875.0% during the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company’s stock worth $54,000 after purchasing an additional 550 shares during the period. R Squared Ltd acquired a new stake in shares of SharkNinja during the fourth quarter worth about $55,000. Covestor Ltd boosted its stake in shares of SharkNinja by 284.4% in the fourth quarter. Covestor Ltd now owns 642 shares of the company’s stock valued at $63,000 after purchasing an additional 475 shares during the period. Finally, Safe Harbor Fiduciary LLC grew its holdings in shares of SharkNinja by 200.0% in the fourth quarter. Safe Harbor Fiduciary LLC now owns 1,500 shares of the company’s stock valued at $146,000 after purchasing an additional 1,000 shares in the last quarter. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

SharkNinja Stock Up 0.9 %

Shares of NYSE SN opened at $70.09 on Friday. The stock has a market cap of $9.81 billion, a PE ratio of 22.54, a P/E/G ratio of 2.35 and a beta of 1.24. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. SharkNinja has a 12-month low of $60.50 and a 12-month high of $123.00. The company has a 50-day moving average of $98.77 and a 200 day moving average of $101.55.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.06). SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.61 billion. As a group, sell-side analysts predict that SharkNinja will post 4.52 EPS for the current fiscal year.

About SharkNinja

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.